Assetera Launches EU’s First Regulated Secondary Market for RWAs in Partnership with Polygon
Assetera has made a strategic decision to partner with Ethereum scaling network Polygon to introduce Europe’s first regulated secondary market for real-world assets (RWAs). This innovative platform will cater to a wide range of clients, including retail investors, professionals, and institutional players.
The primary focus of Assetera’s platform will be on offering tokenized financial instruments and RWAs. These will include transferable securities, money market instruments, fund units, derivatives, as well as tangible assets like real estate and art. By tokenizing these assets, Assetera aims to enhance liquidity and accessibility for investors in the blockchain trading space.
In a recent statement to Cointelegraph, Assetera CEO Thomas Labenbacher emphasized the platform’s commitment to secure transactions and efficient processes. Leveraging stablecoins for purchases, clearing, and settlements will be a key feature of the Polygon-powered platform. Labenbacher expressed confidence in the scalability and sustainability of the platform, thanks to Polygon’s Proof-of-Stake mechanism.
Expanding Tokenized Stock Offerings
As part of its collaboration with Polygon, Assetera has attracted new listings from prominent companies like INX Digital Company and Backed. These listings will expand the platform’s tokenized stock offerings to include popular stocks such as Tesla, Nvidia, and Google. This move reflects the growing trend of traditional assets being tokenized for blockchain trading.
The use of stablecoins for transactions on the Assetera platform will provide a seamless experience for users. By enabling purchases, clearing, and settlements through atomic swaps, the platform aims to streamline the trading process and enhance overall efficiency. This approach aligns with the broader industry trend towards embracing blockchain technology for financial transactions.
Regulatory Compliance and Licensing
Assetera operates under the regulatory framework of the Markets in Financial Instruments Directive II (MiFID II) in the European Union. This framework governs financial markets and ensures compliance with regulatory standards. Additionally, Assetera holds a virtual asset service provider license, which further underscores its commitment to regulatory compliance.
Looking ahead, Assetera plans to upgrade its services to meet the regulatory standards outlined in the Markets in Crypto Assets (MiCA) bill. By adhering to these regulations, the platform will be able to offer a broader range of trading services in the EU. The implementation of these standards reflects the evolving regulatory landscape for crypto assets in Europe.
In light of the regulatory changes introduced by the MiCA bill, the market for stablecoins has undergone significant transformation. Non-compliant stablecoin sales have been blocked in Europe, while regulated stablecoins have emerged as a viable alternative. These developments highlight the importance of regulatory compliance in the blockchain and cryptocurrency space.
Enhancing Security and Compliance
To ensure the security and compliance of its platform, Assetera has partnered with leading firms such as Sumsub, Chainalysis, and Fireblocks. These partnerships enable Assetera to implement robust anti-money laundering measures and enhance the overall security of its platform. By leveraging the expertise of these firms, Assetera aims to provide a safe and secure trading environment for its users.
Assetera supports a variety of wallets for transactions, including custodial and non-custodial wallets, as well as bank-managed wallets. This flexibility allows users to choose the wallet solution that best suits their needs and preferences. By offering multiple wallet options, Assetera aims to cater to a diverse range of investors and provide a seamless trading experience.
In conclusion, Assetera’s partnership with Polygon to launch Europe’s first regulated secondary market for RWAs marks a significant milestone in the blockchain trading space. By tokenizing financial instruments and RWAs, Assetera aims to enhance liquidity, accessibility, and efficiency for investors. Through its commitment to regulatory compliance, security, and innovation, Assetera is poised to make a lasting impact on the evolving landscape of blockchain trading in the EU.
